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PLEASE SHOW THE WORK IN STEPS NO EXCEL WORK Solo Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 $

PLEASE SHOW THE WORK IN STEPS NO EXCEL WORK

Solo Corp. is evaluating a project with the following cash flows:

Year Cash Flow
0 $ 28,600
1 10,800
2 13,500
3 15,400
4 12,500
5 9,000

The company uses an interest rate of 9 percent on all of its projects.

a.

Calculate the MIRR of the project using the discounting approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

b. Calculate the MIRR of the project using the reinvestment approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
c. Calculate the MIRR of the project using the combination approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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